Alton Evening Telegraph from Alton, Illinois · Page 38

Page 38 article text (OCR)

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Economic
Future
Is
Question
By
SAM
MWSOfr
At*
ttaMnetti
\c\vs
Analyst
foEW
YORK
(API—Times
are
good
now
but
how
miich
longer
caft
that
lastt
President
Kennedy
posed
the
question
at
liis
news
conference
Tillsday,
Business
economists
attd
stock
market
chart
followers
have
been
asking
the
same
thihg.
They
are
mindful
that
the
current
u£ttirM
in
the
economy
is
sdffie
36
months
old.
By
past
records
that
brings
it
close
to
the
classification
of
senior
citizen.
The
President's
precise
evalua*
tion
of
the
economy
to-lay-
is:
"Good,
slightly
better
than
was
estimated
in
January.
What
we
must
be
concerned
about
always,
of
course,
is
the
future."
Most
of
the
statistics
on
which
business
and
financial
economists
base
their
stock-taking
show
the
economy
healthy.
In
fact,
it
is
healthier
than
many
had
expected
only
a
few
months
back
when
the
long
Upturn
showed
signs
of
slowing
down.
Most
of
the
indicators
to
which
I
HEY
MOM!!
LOOK
AT
THESE.
BACK
TO
SCHOOL
VALUES...
FOR
GIRLS
SIZE
8
"A
-3
•
ONE
PIECE
VULCANIZED
SOLE
•
LEATHERS
•
VELVETS
•
PATCHES
•
COMBOS
FOR
BOYS
•
BUILT
FOR
HE-MAN
ACTIVITIES
Black
only
Sizes
8K-3
CRAFT
AVAILABLE
IN
SIZE
3/2-6
FOR
3.99
FACTORY
OUTLET
315
BELLE
ST.
DOWNTOWN
ALTON
economists
look
in
predicting
the
future
still
point
to
a
further
upturn
in
the
next
few
months.*
The
soothsayers
differ,
however,
on
their
outlook
for
1964.
The
President
says
that
cutting
federal
income
taxes
for
individuals
and
corporations
could
tnake
the
next
year
even
better
than
1963.
Many
business
economists
agree
—if
for
different
reasons.
They
hold
that
the
cuts
themselves
might
lose
much
of
their
immediate
effect
through
higher
state
and
local
taxes
and
through
payment
of
outstanding
debts.
But
they
do
expect
federal
tax
cuts
to
lift
consumer
and
business
confidence,
making
for
more
readiness
to
spend
and,
more
important
perhaps,
willingness
to
go
into
debt
for
nev
plants
and
equipment
or
more
consumer
items
for
the
home
of
personal
pleasure.
Except
for
conrrurn
over
the
age
of
the
upturn
from
the
1960-61
recession,
the
economy
today
gives
a
good
basis
for
confidence.
Industrial
production
is
at
a
new
high.
It
is
expected
to
go
higher
when
the
auto
industry
gets
into
high
gear
with
new
model
production.
Employment
holds
ot
or
near
record
levels,
despite
the
still
un-
solves
problem
of
stubborn
unemployment.
Personal
incomes
tcse
to
a
fifth
straight
monthly
record
in
July
with
an
annual
rate
of
$464.3
billion.
Factory
sales
of
durable
goods
hit
a
$17.6
billion
record
in
July,
8
per
cent
above
a
year
ago.
Bunker
Hill
Student
Home
From
Europe
BUNKER
HILL—Darrell
Bruckert
was
met
by
his
parents,
Mr.
and
Mrs.
E.
J.
Bruckert,
at
Detroit
Metropolitan
Airport
on
Friday,
Aug.
16,
after
flying
from
New
York,
where
he
spent
the
previous
day
visiting
a
friend
living
on
Long
Island.
He
arrived
in
New
York
on
Aug.
14
after
touring
15
different
European
countries
over
a
period
of
eight
weeks.
This
tour,
sponsored
by
Valparaiso
University.
Countries
visited
on
the
tour
were
Scotland,
England,
Denmark,
Finland,
Bulgaria,
Turkey,
Greese,
Italy,
Switzerland,
Liechtenstein,
Austria,
Germany,
France,
Netherlands.
Highlight
was
a
ten-day
sojourn
in
the
Soviet
Union.
While
in
Moscow
the
35
members
on
the
tour
were
given
the
opportunity
to
speak
with
some
Russian
students
from
Moscow
University.
Attend
Convention
BUNKER
HILL
—
Mr.
and
Mrs.
Edward
J.
Bruckert
of
Bruckert's
Garage,
Bunker
Hill,
were
among
approximately
7,000
Chevrolet
dealers
and
dealership
executives
in
Detroit
recently
to
attend
the
largest
convention
of
its
kind
ever
held
in
the
auto
industry.
Dealers
previewed
the
new
lines
of
1964
Chevrolet
cars
and
trucks
to
be
introduced
early
this
fall.
KINGSTON
—
Jamaica
plans
the
purchase
of
more
hog
fat
in
1963.
HIT
$AVE
ON
ALL
DuPont's
LUCITE®
OUTSIDE
WHITE
HOUSE
PAiNT
•
Reg.
$8.55
Gal.
$£50
O
SAL
WALL
PAINT
Keg.
$7.50
Sal.
$C45
^J
GAL.
VINYL
LATEX
WALL
PAINT
;
•
10
COLORS
•
54"
Wall
Covering
1
1
Sells
Regularly
for
39c
Sq,
Ft—Special
;:
This
Weekend
running
foot
-
ners
available
paste
end
cor-
Rubber
Baseboard
4"
Black
If
Brown
Running
15'
PLASTIC
WALL
TILE
•
ALL
COLORS
Paste
and
Trim
Available
Reg,
Sells
for
29c
Sg,
Ff.
MONEY-SAVING
TILE
SALE!
giiyOii
VINYL
ASBESTOS
TILE
Hundreds
of
Cartons
in
Stock
to
Choose
From!
MOSAICS
VETERANS
Linoleum
and
Rug
18
W.
Ferguson
Downtown
Wood
River
Dial
CL
4-243?
We
Deliver
We
Curry
DuPont't
Lucllu
Wall
J'ulml
Hi;
BEAUTIFUL
TABLE
MODEL
RADIO!
WITH
THE
PURCHASE
OP
ANV
10
PC.
LIVING
ROOM
OR
BED
ROOM
SUITE!
DKKSLACK
"Iflilf!"
OF
THE
ORIGINAL
MHll
10
.pc,
ROOM
OUTFIT
BUYS!
Open
Frl.
&
Moti.
Nights
Till
9
P.M.
COMPLETE
10
PIECE
LIVING
ROOM
ENSEMBLE!
Y
0
17
GET
ALL
THIS
•><*$*
p<-^'
,^<
^N
kx
;
>•»•!.
<
«
,
"
*
<
,*
,N*
,
X**'AV
•
Modern
living
room
suite
with
foam
reversible
cushions
and
durable
decorator
style
nylon
fabric
in
a
choice
of
lovely
colors.
Choice
of
2
piece
sofa
bed
or
stationary
2
pe.
living
room.
•
Two
step
and
one
cocktail
table
in
your
choice
of
finishes,
•
Two
throw
pillows.
•
Two
lovely
table
lamps.
•
Attractive
smoker's
stand,
No
Interest
Or
Carrying
Charge
On
90
Day
Accounts.
Many,
Many
Months
To
Pay!
COMPLETE
10-Pc.
BEDROOM
ENSEMBLE
Look
What
You
Get
•
4-Pc.
Bedroom—Big
triple
dresser
with
mar-
proof
top
and
tilt
mirror,
bookcase
bed
with
sliding
panels
and
chest
on
chest.
•
Serta
In-
nersprinq
Mattress
and
Box
Spring.
•
2
Boud-
'oir
Lamps.
•
2
Pillows
or
Bedspread.
NO
MONEY
DOWN
YOUR
OLD
MATTRESS
IS
YOUR
DOWN
PAYMENT
ON
ANY
NEW...
•
SIMMONS
•
SEALY
•
ENGLANDER
•
SER.
TA
•
DR,
STRUM
MATTRESS
PILLOWS
Assorted
Colors
to
Choose
From!
LUXURY
RECLINER
A
real
super
-
value
with
IwcU
and
front
that
adjusts
to
your
best
comfort.
Big
quality
style
with
headrest.
Deluxe
upholstery
looks
like
leather
and
whisks
clean
easily.
SMART
BUYS
IN
FAMILY
SIZE
5-PC.
DINETTE!
HIGH
PRESSURE
SOLID
TABLE.TOP
4
Matching
Chrome
Chairs
$0095
Smart
Designs
To
Choose
From
y
'29'
FAMILY
SIZE
7-PC.
DINETTE!
Styled
with
simplicity
and
grace,
36x60
extension
table
with
mar-proof,
stain
and
heat
resistant
top.
6
beautifully
upholstered
chairs
in
easy
to
wash
fabric.
Bronietone
or
chrome
•
<
•
•
•
PLATFORM
ROCKER!
Durable
Easy
to
clean
plastic
arms.
J
ItlSt
10
Decorator
colors,
On
Sale
At
Only
NO
INTEREST
OR
CARRYING
CHAROES
ON
90-DAY
ACCOUNTS
WE
DO
OUR
OWN
FINANCING
9x»2
FOOT
,
LINOLEUM
RUGS
Choke
of
Smart
§
Patterns
end
*
Colors
4
PAR|K
FRIi
on
any
Municipal
Parking
Lot
or
Directly
Behind
Our
Store
Easy
Terms,
Many
Months
to
Pay
'.,
a*
•
,'